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Monday, January 13, 2020

Recent Buy CVS

Nice to get the first buy of 2020 on the board with 3 shares of CVS at $72.50 per share. Even though CVS has frozen its dividend there is a lot that I like about it. The partnership with Target gives them 1,642 pharmacy in high traffic areas. . The Aetna purchase will make them far more efficient at keeping costs down long term. Their payout ratio is just 28.44 percent for a 2.73 dividend. So there is plenty of room to grow their dividend in the future.

Disclosure:

Long CVS

Disclaimer:
Material presented on 'Dividend Seedling' is for informational and entertainment purposes only and is the opinion of the author (a social studies teacher and not a financial advisor). None of the information should be relied on or taken as investing advice or a recommendation to invest. None of the information or opinions expressed, constitutes a solicitation of the purchase or sale of any security or investment of any kind. Please do your own research before making any investments. Do not making any purchases unless you are prepared to lose your entire investment.

1 comment:

  1. Hi Dividend Seedling, great to meet a fellow dividend blogger. I'd like to send you a quick email for a blogging collaboration if you are interested, I can be reached here: kanwal [at] simplyinvesting [dot] com

    ReplyDelete

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Recent Buy CVS

Nice to get the first buy of 2020 on the board with 3 shares of CVS at $72.50 per share. Even though CVS has frozen its dividend there is a ...